Growing List Of Closures & Bankruptcies Imperils Malls
Coresight Research estimates 20,000 to 25,000 stores could permanently close in the U.S. this year, with 55% to 60% of those closures in malls.
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Category: Real Estate
Rockland County real estate, development
It’s Darwinian Out There: Landlords Who Are Flexible Will Survive
As the world reorders itself, as retail shakes out, and the office market recalibrates, landlords want to work with prospective tenants in ways they’ve not done so in the past to ensure tenancy.
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Nyack College Joint Prospective Purchaser Is Prolific Rockland Condo Builder
The prospective buyers of Nyack College are a joint partnership between a Kaser-based “Vizhnitz” yeshiva and the market-rate condominium developer and Rockland resident Berel Karniol, according to sources with inside knowledge.
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Nyack College In Contract To Sell To Yeshiva For Up To 300 Students
The Nyack College campus will become an all-boys Hasidic Yeshiva if negotiated contract with an upstate entity is brought to fruition.
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Retail Sales Spiked In May But Economy Still On Uncertain Path
Retail sales spiked 17.7 percent in May, an early sign that the economy may recover from the economic crisis brought on by the coronavirus pandemic.
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Majority Of Clarkstown Council Wants Voter Referendum On Palisades Center On Nov. Ballot
Clarkstown has until August 3rd to decide whether it will put a referendum on the Nov. 3rd ballot for voters to allow The Palisades Center to expand into its unused space.
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Shops At Nanuet Will Likely Lose Zinburger Wine & Burger Bar
Zinburger Wine & Burger Bar, a franchise restaurant owned by the Briad Group in Livingston New Jersey, is planning to close its doors except its Clifton, New Jersey location.
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New York Landlords Take It On The Chin
Landlords are still expected to meet their financial obligations. There is no relief for their mortgages, taxes, insurance, utilities, and staff.
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Simon Property Sues Gap Over Rent Stoppage During Pandemic
Indianapolis-based Simon Property Group has sued The Gap Inc. and associated entities for breach of contract and willfully withholding rent during the coronavirus pandemic.
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Palisades Center Seeks Tax Reduction: Councilman Says Now Is The Time For Referendum
The troubled Palisades Center, which has been dark through the coronavirus lockdown and has not paid its mortgage for several months, has filed a grievance with the Town of Clarkstown to slash its tax bills by 50 percent, citing economic difficulties.
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